F&C rejects hedge manager's bullying claims - report

clock

F&C Asset Management has rejected accusations of bullying in a high court battle over a hedge fund joint venture hit hard during the credit crisis.

The group has gone to court after hedge fund managers Francois Barthelemy and Anthony Culligan tried to force the FTSE 250-listed firm to buy them out of a limited liability partnership (LLP) set up before the credit crisis, Reuters reports. "It's very clear in my mind that F&C have tried to bully me," said Barthelemy, under questioning by an F&C lawyer. An F&C spokesman responded: "This is a baseless assertion with no factual evidence to support it." "Attempting mediation is simply best practice and a route encouraged by the courts," the spokesman said, referring to attempts to se...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read